Investors' Soapbox PM

Optimistic on Bank Stocks

Analysts make the case for Citi, JPMorgan, Wells Fargo, the "forgotten" Puerto Rican banks and two more.

February 15, 2013

Sterne, Agee & Leach

Steady fourth-quarter 2012 fundamentals in the financial services sector underscore cautious optimism as 2013 progresses. Recent management commentary indicates that positive trends in the fourth quarter have thus far continued into the first quarter of 2013. While the group appears reasonably valued at 1.4 times tangible book value and 11-13 times forward earnings, execution and earnings power will remain...